FA4 - Week 1 : Briefing

Which of the following is not a classification of a company?

• Corporation

• Limited liability partnership

• Public limited company

• Sole proprietorship

What is the term used for the issuance of shares at a price higher than their face value?

• At par

• Premium

• Right issue

• Discount

What is the purpose of the Statement of Cash Flow?

• To show the company's profit or loss

• To report the company's financial position

• To disclose the company's cash inflows and outflows

• To list the company's long-term liabilities

Which act governs the financial reporting requirements for companies in Malaysia?

• Bursa Malaysia Requirements

• Financial Reporting Act 1997

• Companies Act 2016

• Annual Report Act

What is the formula for calculating owner's equity?

• Assets - Liabilities

• Assets + Liabilities

• Assets / Liabilities

• Assets * Liabilities

What is the reference book recommended for Company and Group Financial Reporting?

• Baz Luhrmann

• Trust yourself that you can do it and get it

• Lazar, J. and Huang C. C. (2019) Malaysia Financial Reporting Standards, Revised 3rd edition. Kuala Lumpur: McGraw Hill (Malaysia)

• Lazar, J. and Tan, L.L. (2019) Company and Group Financial Reporting, Revised 7th edition. Selangor: Pearson

What is your Lead Lecturer name?

• Aina Farahana Suhaimi

• Aina Farhana Suhaimi

Which topic will be covered for your quiz for this subject?

• Topic 1

• Topic 2

• Topic 3

• Topic 4-5

Which legislation in Malaysia primarily regulates the incorporation and operation of companies - rules for company?

• Companies Act 2016

• Financial Reporting Act 1997

Which regulatory framework mandates the disclosure of financial information by listed companies in Malaysia - yearly company summary?

• Bursa Malaysia Requirements

• Annual Report